Venari Resources expands Gulf of Mexico portfolio with lease sale bids

Venari Resources LLC was the high bidder on 12 deepwater blocks in the Central Gulf of Mexico offshore lease sale held March 18 by the US Bureau of Ocean Energy Management (BOEM) in New Orleans, Louisiana.

The company was successful on 12 of 13 total bids, bidding with subsidiaries of Chevron Corp. and separately with subsidiaries of Anadarko Petroleum Corp. This includes high bids on nine blocks in Green Canyon in close proximity of Venari’s Anchor discovery announced in January. Venari will have a 25% working interest in the Green Canyon blocks with Chevron (operator) having a 75% working interest. 

Venari also was the high bidder on Walker Ridge blocks 98, 99, and 143, which contain the Coronado discovery previously announced in March 2013. Venari's working interest in Coronado will be 40%. Anadarko will continue to be the operator with a 60% working interest.


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